thank you so much. we love it. this claimant will walk you through that as the account down starts right now. liz: is that the sound you are hearing? the worst kept secret in america. tim cook having people grab onto their old standby more tightly than ever. personal device we have ever created. it's not just with you. the apple watch is the most advanced timepiece ever created. liz: right now analysts to techties -- techies to teenagers are studying apple's new smartwatch which can let you doodle with the help of what

we're calling the mouse crown. yes, using the watch crown as your mouse. a price drop for apple tv, we can't forget that, and big everyone sid on the new apps for the iphone -- emphasis on the new apps for the iphone. was today's event a game changer? will it encourage a whole generation of people to buy a watch and kill the traditional watches? we have global reaction from the smartest apple watchers including piper jaffray's gene munster, the top apple analyst. and breaking news just moments ago according to reuters, the houston ship channel partially shut down right now after a collision between a tanker and a bulk carrier. the u.s. coast guard says the tanker has spilled an unknown amount of a gasoline additive. the second we get pictures, we'll bring them to you. it's the last hours of trade. shares of apple moving lower right now, so let's start the

"countdown." ♪ ♪ liz: breaking news, it's wormed its way into your wallet, but has apple just literally wormed its way into your heart? tim cook just revealed to a huge crowd in california knows your heartbeat and even call you an uber carr if you're -- car if you'll feeling a little winded. a deal with uber, hbo, instagram. it's really straddling the flatline right now, it had spiked earlier. if you look at an intraday versus the one week, we saw wig things as -- big things as they announced apple pay and apple tv, like the price drop, but then when the apple watch was revealed, that's when the stock fell. jo ling kent was at the apple event, he's right there right now in san francisco -- she's right there right now in san francisco. we have interbrand global ceo

with the international reaction. what is the disappointment here? i'm thinking maybe the battery life because it's only 18 hours? why the stock drop? >> it sounds like analysts and investors are just not thrilled with what they've seen from apple given the stock drop. yes, 18 hours is certainly better than what some people were expecting in terms of battery life, but it isn't a multi-day battery life that a lot were hoping for. you also have to look at some of the functionalities. although apple is partnering with these companies and certainly successful in that regard, does it do enough? especially with regard to the competition. you have to remember pebble, samsung, google android, huawei, a very nice watch out there as well. a lot of these types of companies and their watches already do what the apple watch does. but, of course, the bulls on apple say the design is beautiful, it is something that people will be willing to paw for. but the price -- pay for. but the price range, liz, is $49

all the way up to $17,000 for the rose gold edition of this watch. we'll be watching to see exactly how many units sold, anywhere between 15 million units all the way to 40 million which would, of course, be great for the stock going forward. liz: jess, you're in london. there was an interesting moment where they brought out the supermodel, and she said that she was going to be wearing this, christy you are thelington, that she would be wearing this for the london marathon. tell me, we're all geeked up about in this story. are people many london looking at this? -- in london looking at this? are people in europe as fascinated right now? >> i'd have to say apple is a global phenomenon. they're number one on our list of best global brands, so i think everyone's looking at this today without any question. i suspect the reason why the stock may have dropped a little bit is number one, obviously, the an lusts have already priced

this in -- an lusts have already priced this in, and the estimates range there from 10-50 million units. my friend at bcg calling it about 32. now even whichever way you look at it, the total number of devices sold of this type at the moment is a fraction of that. it's around about 4.5, 5 million to 7 depending on whose estimates you believe. so apple have got a huge hill to climb here. i suspect some of the reaction that we heard in the previous show that you're seeing through social media may have dampened the appeal a little bit. but if anyone can do this, it will be apple. and given the fact that they have angela in there, ex-burberry ceo, you just know the way they're going to market it, the way it's going to be sold is going to be in accordance -- liz: but, yesterday -- >> i think that -- liz: does it kill the wristwatch for those of us older than 18 years old?

>> well, i have this problem right now -- liz: well, so do i. [laughter] >> that's my wristwatch, and i have a number of different wristwatches. yeah, we all do. and i also have a thing that measures my fitness as well. so they've a got to get -- i either need another arm -- [laughter] or i've got to take one of these off. and i think going up against, you know, when -- liz: okay, let me jump in here. jo, what's interesting is fossil stock moving lower, movado moving lower, swatch group moving lower although off their earlier lows as soon as the smartwatch was revealed. what is the scoop right now where you are in california? did everyone in that audience come running out all glittery-eyed? >> it was a very pro-apple audience. you have to remember in addition to the journalists and the media here today, it was a bunch of talented engineers that have worked on the watch for a long time and some of their biggest supporters like al gore and jimmy iovine was in the audience

as well. a lot of pro-apple individuals here. but remember what the ipad did when it first came out, it wasn't necessarily a blockbuster. it was the second edition. and in talking to analysts this morning and over the weekend, we've learned that the expectation for apple often comes in i how they will do in the second edition which, you know, battery life is not that long, and they're going to need to make improvements. liz: the pebble watch goes for ten days. now, if this thing is supposed to be checking your heart rate, you have to take it off at night to charge the darn thing. but i'm less interested in that. i'm less interested in the focus on that and more interested in you and your branding expertise. does this thing become a winner in december or valentine's day or the next big holiday where people buy things like father's day? >> well, i think that will be the real test, you're absolutely right. obviously, they've got ramp up in production. apparently, they've built five million to start with, but given

everybody's estimates, that's going to be nowhere near enough. and i think the real test will be christmas. i mean, you have got to remember this is the first device that we're going to buy from them certainly from a telephoneny perspective that isn't in any way subsidized. the phones we buy on contract have got a built-in subsidy. this we've got to put our hand in our pocket and find somewhere between $350 or $10,000 or $17,000, somebody said, which is a large amount of money. if you're forking out 17,000, the chances that this is going to replace by version 2.0 in a fairy short period of time -- liz: forget it. >> so this is a huge challenge for them. it's a huge challenge for them. and you've got to remember that apple is still the iphone company. liz: right. yeah, and that becomes the question, is it just a couple of products, and does it deserve a trillion dollar market cap? tick tock to trillion dollars. jo ling kent, thank you so much. jess frampton, interbrand global

ceo. now the stock is actually moving higher at the moment, up by just about 21 cents. more to come on that. but here's why you can't afford to change the channel. in the last 15 minutes of trade, we've got the best apple analyst who's spent the last two hours rushing around listening to all of it there on site and writing his apple client note in his head. we're talking to gene munster. does anything about today's event launch apple to a $1 trillion market cap? stay tuned. we've got 51 minutes before we see the closing bell. in a steel cage matchup of the ages, the latest round goes to gm's mary barra. u.s. car giant announcing a $5 billion share buyback. why is that steel cage death match? it shuts down an outspoken activist investor, harry wilson, who's been agitating to get on the board. he's giving up his quest, so she's doing a little bit of that, little bit of this. he goes away. mary barra's latest move will

likely please berkshire hathaway's warren buffett who has vocally opposed wilson's board ambitions during his recent shareholder discussion and letter. shares of gm jumping following the news, currently trading up a full dollar. get to mcdonald's, the dow component getting a modern makeover that a lot of shareholders have been agitating for. the fast food giant has vowed to transform itself into a, quote, modern, progressive burger company following its chilly february numbers. same-store sales numbers tanking 4% in the u.s. in light of growing competition from chipotle, click fillet and, of course -- chick-fil-a and, of course, shake shack. shares of mcdonald's trading higher by about a percent, investors feeling more optimistic about the new ceo, steve easterbrook, who officially takes the reins on march 1st. and tesla running out of charge a bit in china, planning to cut jobs in china as out struggles to gain sizable traction in one

of the world's most crucial markets. fourth quarter lost missed analyst estimates, still vowing to stay in china saying, quote, we are not just leaving. taking a look at the stock, currently trading down just under 2%. >> closing bell, we're now 49 minutes away. should alcoa rename itself titanium? the aluminum giant swallows a massive titanium producer in one $17 billion gulp in an effort to boost its aerospace movement engines. genius move? and anniversary party, yeah, they sometimes end in fights and tears and divorces. on this sixth anniversary of the bull run, are we long overdue for the bears to bring on the buzz kill from the six-year-long big party? no worries, there's always a trade, and we've got it. andy brenner, head of national alliance, he sees opportunity where others see that kind of payoff on your screen. where he's seeing green, coming

up. ♪ ♪ ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.

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...manage your appointments... [ dog barks ] ...and check your connection status... ♪ ...anytime, anywhere. ♪ [ dog growls ] ♪ oh. so you're protesting? ♪ okay. [ male announcer ] introducing xfinity my account. available on any device. liz: fox business news alert, a massively important question we need to ask you, has your bad

health been making your credit score sick? no longer. more than 43 million americans have been held back from buying homes and making important purchases simply because they had past-due medical bills which show up and slam their fico or credit scores. a major industry overhaul will soon make credit-reporting agencies treat medical debt differently. rich edson in d.c., right off the bat who's going to benefit most from this overhaul? >> reporter: well, liz, these changes are for anyone looking to buy a house or a car, apply for a loan and then the lender rejects them because their credit score is too low. even if that person paid their bills on time, credit reports do have errors, and these changes are designed to help that person correct their report quickly and finally get that loan. these new policies started friday, though the new york attorney general's office says the ratings companies will fully roll the these out gradually. attorney general eric scheiderman says correcting scores under the previous system

was much too difficult and the new system requires credit companies to question the creditors who are furnishing them with data on who's paying their loans. >> they went to the people who provided the bad information in the first place. that is a rubber stamp approach that will no longer take place after today's agreement. it is very important to recognize that the laws, regulations and industry practices with regard to the credit-reporting agencies were simply not good enough. >> reporter: experian, equifax and transunion have agreed to employ workers instead of using a computer system, medical debt will have a 180-day grace period, and also you get a second report, liz, if you have it changed that way you can verify they made the change. liz: sounds fair, rich, right? >> reporter: yeah, absolutely. and this is something, by the way, the credit agencies didn't have to do. schneiderman said it was clear

there was going to be no legislation coming from washington, this might be with the new york's office, but this is a nationwide change, voluntary agreement with the three companies. liz: all right, good. thank you so much. we need to look at apple angel stock. i'm calling it apple angel stock not because it's flying so high, it's only up 58 cents or half a percent, but because there's quite the halo effect after the new mac book and smartwatch were unveiled. iphone chip suppliers -- who, by the way, never admit that they're supplying apple with chips -- talk a look at them. they are rallying on iphone sales. skyworks solutions, i believe that's a 52-week high. you've got broadcom moving better, qualcomm up. yeah, apple holds them to this big secret thing of don't admit that you're married to us. sorry, what, mark? yeah, oh, yes. skyworks is hitting 52-week highs. let's get to our traders.

start with scott redler, we've got a major rally on our hands, up about 163 points with very little news out here except people getting geeked up about apple, or am i missing something? >> no, i think you're right on par here. on friday we were down about 275, so coming into this week we weren't sure where we would have support, and then today we took back about half those losses, showing that the bulls still have some power, the bears aren't in full control. do i think the highs of the year are in? no way. do i think we might be in this range for a little bit above 206 in the s&p? maybe a little bit longer. of liz maybe a little bit longer. again, questions always surrounding this as we're at the sixth year anniversary of the bull market. but, you know, i have to say, let's go to tom reilly at the nymex because we do have a situation, some breaking news of a tanker collision of some sort

in houston just near houston, and that's spilling some gasoline additives into a body of water. and i'm looking at oil right now, it's straddling the $50 line. how much does news like that affect the energy complex on a day like today, tomsome. >> well, i think in the past you'd see a lot greater effect than you would nowadays with all the stores we have down in the gulf area. if that channel's closed for a few days, it's only going to mean that the storage, you know, they take out a couple million barrels from storage maybe, but really we still have a ton in storage, so i don't think it's going to affect the prices that much. any kind of rally in oil is still probably a sale. liz: okay. now let's quickly check because we've got a 2.19 handle on the ten-year, ira. looking at any kind of fear in this market? not really. >> not really at all. and you've got to remember next tuesday the fomc meeting begins, and that's the meeting that so many people are thinking that the fed is going to make its move and take out the word

"patience." i don't know about that. i don't see why the fed has to move until at the earliest june. there's no need. there's still -- liz: but that wouldn't be a move, ira. that would be just a sort of a hint, right? or getting people geared up -- >> no, no. liz: like curing meat before you cook it. >> they've prepped us. they've preaped us. if they take out that word "patience," it means two meetings after that they're going to do something, and i think their credibility would be on the line if they took it out and didn't move two meetings later. i think the word patience is going to stay in place. liz: scott, tell me about -- go ahead. >> i think that they do take out the word "patient," t and the market's ready for it. they've floated that around for the last month or so, so i think if they don't, that's when they lose their credibility. at this point you saw the hot jobs report friday, so the market reacted. i think the market can absorb rates going higher in june, i do think patience leaves at the next march --

liz: well, june will be hot fun in the summer. nobody's taking vacation then because who knows how the markets will react after all these years of a 0-.25 percent fed funds rate. great to see all of you. closing bell ringing in 49 minutes. ll, lumber liquidators not going down without a fight after the "60 minutes" report that said its wood was anticipated. charlie gasparino on why employees are now being trained to explain what short sellerring is to customers. and what did arguably the smartest apple analyst think after watching today's big event? gene munster inside, outside right there in california. he's with you on what he saw that he feels will be a time changer. ♪ ♪ i'm type e.

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liz: a folk business exclusive breaking right now. it used to be blame the media,

but lumber liquidators is blaming the short sellers. the retailer going on the offensive in defense of its floor products following the "60 minutes" report that blew the stock out of the water. >> it's still blowing the stock out of the water. liz: 15% down today after a 30% -- >> i looked, 13 percent. so here's what we know. people are calling them, they're asking what's going on. london liquidators has given scripts to it customer service where if you want an education in short selling and hedge funds, called the london liquidators customer service. we've been putting calls out for them today, my new producer who's actually a very good reporter, courtney crawford -- liz: all right, courtney -- >> -- calling them and asking about what's going on in the company. they are point-blank defending the company, defending against "60 minutes" and going on the offensive saying the whole thing is a result of short sellers and

hedge funds. now here's the question i have, do they really think that their customers know what a short seller and a hedge fund is? but they have scripts where they explain what's going on with short sellers and hedge funds spreading rumors and basically going out there and basically tanking the stock. they say that the "60 minutes" report was a to bely case -- liz: which said that the lumber was tainted with too much formaldehyde, cancer-causing. this was from the china lot. >> >> right. but they're saying their products are completely safe, and if you want to know who's to blame here, it's "60 minutes" in conjunction with sellers and hedge fundings. i are tell you this, it is the first time -- liz: it's lumber liquidators, by the way, not london. anyway -- we've had human nateer, it's lumber. >> ever go to london lenny's out in queens? good steakhouse, by the way.

liz: no. [laughter] >> in any event, this is a big story. they are fighting back. i think some of this stuff is going over their customers' heads though when you start telling an average guy, you know, blame a short seller on this stuff. liz: these are people who are betting against the stock, and they make money if it goes down. >> right. the genesis of this story, because i found it fascinating they would do something like this, they would be pointing to wall street as the culprit for -- and particularly a subsection of wall street, the short sellers and hedge funds, guys that bet against stocks. and, you know, short sellers make money when stocks go down. you borrow the shares, you sell them, you pay them back when they go down. what lumber liquidators is essentially saying is this is -- they're spreading rumors that are false. the genesis of this story was from a financial blogger named quoth the raven -- liz: 25 years old? >> he is? liz: well, the guy who wrote the

original report was a young guy who did a little -- >> i got the ideas, i got the ideas of calling up just seeing what their customer service was doing, just to give full credit to this financial blogger, and it was fascinating. he spent all weekend, he said, listening -- you know, calling up this customer service and getting an education on short selling. so hat tip to mr. raven. liz: what's your best guest, does lumber liquidators survive this scandal? >> bob chapman, he's been on this show regarding -- liz: herbalife -- >> last week went long the stock. he thinks it's way overdone. liz: wow. >> i will tell you this, i have no horse in this game, same with herbalife. "60 minutes" reports generally on wall street stuff are fantastically wrong. they were the ones that tanked the muni bond market with divot whitney -- with meredith whitney

about three years ago -- liz: that didn't happen. in fact, her firm went down. >> her firm did go down. but bigger point is it's one thing to have someone say that, it's another thing to accept it as fait accompli. steve kroft at the time did very, very, very little to basically come back at her. it's very hard for the bonds -- listen, even puerto rico which is a basket case has taken a long time to default, same with detroit. i'm telling you, "60 minutes" has a bad, bad record with financial stuff. if the stock is tanging off of -- tanking off of "60 minutes," it may be a headline, and this is a company that's been around a long time, so we'll see. liz: contractors who were calling lumber liquidators are now getting an education on what short selling is. >> i'm just going to tell you, this is it you buy the shares, you sell them, and when you pay them back, you sell them at a lower price, you make the money.

hedge funds are investments for very rich people, qualified investors. so you don't have to call them, just watch fox business. liz: charlie, thank you very much. it's a must-see episode of "strange inher dance" which, by the way, has just been renewed, yea, jamie colby. tonight's episode features the story of the great great grandson of confederate general george pickett who was swindled out of his inheritance of civil war artifacts. do we have any of them? they're unbelievable. some of it is bloodstained from many, many, many years ago as well as the tale of a surprisingly valuable furniture inheritance. the show airs monday through thursday, t p.m. eastern -- 9 p.m. eastern. don't miss that. and don't miss this, we're 28 minutes away from the closing bell, and it is the sixth anniversary of the bull market. the dow is up a startling 173% since its financial crisis low back in 2009, but does the bull

rally continue or end up in tears? is it time to shack up with the bears? we're going to break et down for you, especially on how to make money on it next. and the mystery veil has been lifted. we now know what apple has up its sleeve or on your sleeve, but how is wall street liking the new apple watch? coming up superstar analyst on apple gene munster weighs in on apple's big reveal. he's the man you need to hear from. ♪ ♪

40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors

that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. people can see better when they're out doing their tasks, young people are moving back in town, the kids are feeling safer while they walk to school. and folks are making investments and the community is moving forward. 40% of the lights were out, but they're not out for long.they're coming back. liz: folks, the bulls are on the runn this suggestion-year anniversary

of the bull market. all right, now we need to talk about donald's. usually one does not think about kale when they think about mcdonald's, but in a bid to compete with competitors, it announced it will revamp -- i like kale, nicole, it makes me feel good when i'm eating it. >> of course. kale is such a power food, and mcdonald's is working so hard to reinvent itself, we only last week spoke of the new ceo and the plans to move forward over the next couple of years to antibiotic-free chicken, right? and that's a big thing that a lot of people now, the new generation are really looking forward to, we see it with shake shack, right? shake shack does no antibiotics and no hormones, and that's what mcdonald's is moving towards, a more healthy menu. stock's up almost 1%. you can take a look at some of the other names in the group including chipotle and darden. right now there are all up air e rows across the board.

chipotle, of course, an offshoot of mcdonald's many years ago but this group overall is moving to healthier menus overall. mcdonald's, as i toss it back to you, you know some of their issues, customer service. they've been working on that. they had a menu that was too large, they couldn't get it out as fast as they wanted to, and the same-store numbers down 34%, that was -- 4%, that was weaker than expected. you want to see growth. liz: i'm all about the veggy burrito bowl, but i love those fries. happy sixth anniversary to the bulls, or is it a happy one? the bull market for stocks has come such a long way since the lows of the financial crisis. the dow, as we mentioned, up 173%. s&p's even better. we should really be mentioning the s&p because that's been the true winner. but we have it now ranking as the fourth longest of the 23 bull markets. and you know what follows bull

markets, bear markets. does this have legs to get to its seventh birthday and gore all the bears? let's bring in our market panel, joining me now andy bremer, national alliance security's fixed income and ira rothberg, co-portfolio manager. ira, it's stunning to have this long a bull market. i think we just passed 72 months. kind of unusual. how long does this one continue? >> well, we're very optimistic about the returns over the next fife years. today the market tradeses about 17 times forward earnings which is just a slight premium to the historic market multiple. we think we're in the middle innings of a -- liz: hold on, you think this lasts another five years? >> we're not calling an economic recovery for the next five years, but, you know, we do think at this starting price relative to your other investment options, the we equis offer the best obvious.

liz: hey, and we've got t -- got a guy who's going the orr way. andy, good to see you. >> thanks for having me, liz. liz: do you think another five years for equities? >> not even close. liz: why not? >> the economic numbers have been good enough that the fed's going start raising rates. liz: why is that bad for equity? >> this is the lowest rates have ever been. when you hit 2.22 this past january on the long bond, that's the lowest rate ever even going back to eisenhower times. so you're starting at a very low rate, and as interest rates go up, we tend to think that stocks are going to start to get hit. that's the catalyst that will happen. those that say that stocks can continue to do well, stocks have done very well. you've added almost $13 trillion since qe i started -- qe ii started, rather. so you've had a big move. and i'm not bearish, per se, but i'm looking for a 5-10%

correction. i think that's hell rhode island. -- healthy. liz: and it might not be all at once, right, ira? there's always a trade, that's what we always tell our viewer-investors. ira, i'm hearing you say it doesn't matter if you buy great names. give me three. >> sure. well, the hennessey focus fund we don't own the market, we own just 20-30 of our best ideas, so one of our largest positions so reilly automotive. -- o'reilly automotive, the nation's third largest distributer and retailer of after-market auto parts. we see runway in the united states to over 6500 stores, and we see opportunity for them to expand internationally over time. they have the industry's best business model offering their customers high fill rate and very fast speed of delivery -- liz: and you've got brookfield asset management, encore capital group, why do you like those two? >> brookfield has a focus on

real assets, assets like commercial office buildings, toll roads, ports. liz: good chart. >> and this is, this is an asset class where institutional investors are increasingly interested. they've been attracting flows at a nice clip. they've got a terrific track record of exceptional investment performance, and the shareholder returns have followed. liz: well, let me bring andy back because i find your picks for fixed income really interesting because there's fire, there's brimstone, there's ice because you like brazil and greece debt? >> well, let's put it this way, you know, you're not going to get paid -- at wharton they teach risk versus reward, and if you're going to buy ten-year treasuries right now at 2.19, there really isn't a lot of reward for that. brazil is a basket case right

now -- liz: look on the screen. protests all over the place. >> absolutely, no question about it. but you know what? btg is a well-run company, they've got a big presence here in the u.s. their bonds are yielding 6.25. i'd tend to think you take a look and when brazil bottoms out, which i think it will in the near term, i think you take a look at that. and then, of course, you have greece which is bigtime in the headline. everything in the ecb right now is, you know, german rates are 30-odd basis points and negative out to about seven years, and you go through the whole spectrum. i mean, i think the next biggest thing is ten-year portugal is probably 1.50, 1.60, and here you've got greece five years at 13%. liz: explain to people then your yield if you buy greece phi-year bonds is an unbelievable 13%. but there's a lot of turmoil there, so you've got to take that risk to get the reward, right? >> absolutely. in fact, i would probably wait a couple weeks and see how the headlines work out. every country within the u.

right now -- e.u. right now has got extremely low yields except greece. at what point are they going to have to average with everyone else? greece is not exiting the euro, so there's a lot of headline risk, but i think you've got to buy some risk for some reward. liz: he said greece is not exiting the euro. that verdict is still out, but great to see you. >> thank you, liz. liz: andy bremer along with ira rothberg, we will put both their picks on facebook.com/lizclaman. we do have the closing bell 15 minutes away. why you need to stay right here with me. we have the voice of apple when it comes to being an analyst who has covered it forever. as tim cook unveils all kinds of headlines from the iwatch to apple pay to apple tv, what is he advising his climates on the phone right now? you don't have to wait, he's

going to report it on fox business. and while the markets close at the top of the hour, we are always on call for you. go foxbusiness.com/oncall, sign up for claman an call -- on call, and we deliver the biggest headlines of the day. right now we've got a situation in houston with a tanker that's spilling. all of that directly to your smartphone. sign up. ♪ ♪

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liz: closing bell in ten minutes. let us take a quick look at a company called alcoa that we were joking earlier should they be called titanium instead. they've jutte bought a huge titanium company. -- just bought a huge titanium company, getting away from what is a glut in aluminum. they're calling it the aluminum company of america, they want to be so much more. right now investors are not

loving this, it is dropping by about 5% or 74 cents to to $13.74. well, here's rti, the company they are buying for $17 billion. 50% premium, of course, investors love that especially if they hold rti, it's up 39%. this is not what apple ceo tim cook wanted to see. we can show you apple's stock right now after he unveiled the first brand new product under his watch. shares of apple just barely above the flatline right now ever since the apple watch announcement. here's the intraday. started moving flat as soon as the first announcements came out, up, then after apple pay and apple tv and all this other issue and a brand new mac, the stop stock started to fall when they came out with the iwatch. let's bring in gene munster, piper jaffray managing director, the expert on apple. listen, you've been running around, i know. thank you for getting in front of our cameras. apple's stock right now, buy,

sell, hold? >> i think you own it, and the reason why is expectations are low for the watch right now, but the more substance around this is going to be how the market share of the iphone trends over the next couple of quarters. i think there's some meaningful upside based on what a they've done in december and carrying that forward. so actually the stock is going to be more impacted over the next couple quarters than the watch. liz: but is this something that will get apple to a $1 trillion market cap, gene? you're the one who crunches the numbers. do we see that weigh station at a certain point? >> i think this is going to be part of it, and the reason is this is going to take some time just like every category takes time. ultimately, a year, year and a half down the road is when the watch really hits the inflection point. that's when developers are out there long enough that they've built some crazy, killer apps that consumers are going to want to go out and buy the watch for. so if you can take that perspective, this is part of that road to a trillion. liz: okay. we're seeing a bunch of things that it does. you can get all of your friends'

names on here, you can doodle, you can check your flights, but i can do that on my phone. i'm just wondering what your expectation is for the number of watches at all price points because there are ones that are just $349 and others that are $10,000. >> we're thinking somewhere between 500 and 550, we're expecting in calendar '15 for them only to sell eight million units. ultimately, we think that number's going to be significantly bigger, but that's kind of the trajectory. i would point out that there's a big debate about what's the real value of this, and i think all those things that you talk about you can do with your phone, but just removing the friction and having that on your wrist is going to appeal to consumers. liz: well, finally, as you look at all that's going on around you, describe to us -- because you've been there all day -- the craziest point of today whether it was the crowds, the am faithful, people outside --

apple faithful? describe that for us, gene. >> i think probably the craziest point was when they came out with the $10,000 average saling price for that -- or starting price for that high-end phone. you could definitely feel the energy, i guess, in the room that they're really going for it at that point. i think a lot of the other stuff was the groundwork they had already laid, but that was a big surprise. the other big takeaway that i don't think people are spending any time on is what they're talking about with the tv. this ises something we've been believing in for a long time, but tim cook with the changes to the apple tv said this is just the beginning, he mentioned that twice. liz: yeah. they cut the price of apple tv. finally, does it kill the wristwatch? does that iphone kill what so many of us have worn on our wrist for so long? >> i think it does. i mean, there's no reason to have -- unless you've got some special gift that you're giving someone, there's no reason to to get a regular watch when you can get this. liz: gene munster says you've

got to own apple. great to see you. >> thank you, liz. liz: piper jaffray managing director. he's ditching the camera right now because he has more on his note to write, but he says he's got to on the stock. we're five minutes away from the closing bell. a ton of other news going on. right now stocks are soaring, the s&p hitting new highs, and the bulls are back in charge on this sixth anniversary of the running of the bulls. we will also look at whether apple's new watch will start the tick tock to a trillion dollar market cap. don't move. "after the bell" starts in just a moment. it's more than a network and the cloud. it's reliable uptime. and multi-layered security.

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liz: and here we are, david, another big day. the s&p hitting some records. david: 18,000 right on the button. by the way, we've got a familiar face who's going to be ringing that closing bell, anthony scaramucci who will be joining us.

but first let's go to nicole. liz was just talking about apple, what a strange trading day for apple. >> unbelievable. we watched apple shoot up and then move into negative territory. look at this intraday chart. you were busy trading this one, right? hopefully bought low, sold high or maybe just a big apple fan. today is the day we learned all about the watch, we learned about their 700 millionth iphone, the new mac book and, of course, the deal with hbo. so much today. liz: yeah. and apple's juice is sweetening the suppliers who helped build what they put out, they're rallying after the day's announcements. >> no doubt, liz. skyworks, for example, when you look at these chip makers, they're all jumping on the news of the iphone. that's a lifetime high. david: bye-bye ali baba, what's going on? >> yeah, out of favor. it's the news on yahoo!. 81.48 is the low on the day on alibaba, but quickly bringing up

a big deal -- david: oh, look at the man with the tie, there he is pushing the button. that's anthony scaramucci with a big smile on his face. liz: ten-year anniversary, and when they started, they had 100 million in assets, today 30 billion. congratulations, say knew chi and the sky judge bridge team. david: we're going to talk to them about good and bad days coming up. "after the bell" starts right now. will ez liz green on the screen, if you are in stocks on this sixth year anniversary of the bull market, you continue to make money. welcome, everybody. let's break down today's action. we have kim picking two unloved technology technology names that she absolutely loves. she'll tell us why now is the time to buy them. yeah, she's nodding. john burke from burke financial strategies says look for regions